UniCredit S.p.A. (OTCMKTS:UNCFF) Sees Significant Drop in Short Interest

UniCredit S.p.A. (OTCMKTS:UNCFF - Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 3,527,600 shares, a decrease of 13.2% from the April 30th total of 4,062,500 shares. Based on an average daily trading volume, of 20,500 shares, the short-interest ratio is currently 172.1 days. Currently, 0.2% of the shares of the stock are sold short.

UniCredit Stock Up 2.1%

OTCMKTS UNCFF traded up $1.37 on Friday, hitting $67.50. 3,062 shares of the company were exchanged, compared to its average volume of 14,391. UniCredit has a 1-year low of $34.50 and a 1-year high of $67.66. The firm has a 50 day moving average of $59.56 and a two-hundred day moving average of $51.36.

Institutional Inflows and Outflows

An institutional investor recently raised its position in UniCredit stock. GAMMA Investing LLC increased its position in shares of UniCredit S.p.A. (OTCMKTS:UNCFF - Free Report) by 5,505.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,723 shares of the financial services provider's stock after acquiring an additional 128,391 shares during the quarter. GAMMA Investing LLC's holdings in UniCredit were worth $7,328,000 at the end of the most recent quarter.

UniCredit Company Profile

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.